Ten S.D. companies named to Inc. 5000 list
Aug. 12, 2020
Ten South Dakota companies have been named to this year’s Inc. 5000 list of fastest-growing companies.
The list ranks businesses according to percentage growth from 2016 to 2019. To qualify, companies must have been founded and generated revenue by March 31, 2016, and be U.S.-based, privately held, for profit and independent — not subsidiaries or divisions of other companies — as of Dec. 31, 2019. The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million.
The following companies made this year’s list:
- No. 1,967: VRC Metal Systems, Box Elder, 215 percent growth.
- No. 2,296: MarketBeat, Sioux Falls, 182 percent growth.
- No. 2,319: B9Creations, Rapid City, 180 percent growth.
- No. 2,863: OmegaQuant, Sioux Falls, 139 percent growth.
- No, 3,020: Vikor Teleconstruction, Sioux Falls, 130 percent growth.
- No. 3,246: Fit My Feet, Sioux Falls, 116 percent growth.
- No. 3,276: N2 Communications, Kyle, 115 percent growth.
- No. 3,843: Weisser Distributing, Tea, 93 percent growth.
- No. 4,447: Independent Trust Company of America, Rapid City, 73 percent growth.
- No. 4,509: Expansion Capital Group, Sioux Falls, 70 percent growth.
The companies’ total revenue is $199.2 million, according to the Inc. report, with median growth of 123 percent and 252 jobs added.
MarketBeat, the highest-ranking Sioux Falls company, marks its fifth time on the list, reporting a strong year despite the pandemic’s effect on other media companies.
“While COVID-19 caused some temporary disruptions with our advertisers in March and April, website traffic and email sign-ups are at an all-time high,” Matt Paulson, founder and CEO of MarketBeat, said in a statement. “Recent volatility in the stock market combined with people spending more time at home has created a golden age for financial news.”
MarketBeat has added two positions since the onset of COVID-19, bucking the trend of layoffs and economic disruption.
“We have been fortunate enough to be able to expand our team to better serve our growing audience,” Paulson added. The company expects to surpass $10 million in top-line revenue during the calendar year of 2020.
Vikor Teleconstruction marks its third year on the list, this time at No. 3020. The Sioux Falls company is at the forefront of building out the latest infrastructure in 5G wireless and has successfully built out small cells in Sioux Falls, Rapid City, Denver and other cities across its footprint.
“With more than 30 years in the industry, it’s humbling to continue to see such growth. It is a great representation of the foundation we’ve focused on building over these years and the great people who have helped build it,” said Craig Snyder, president and CEO.
“We don’t compete with startups or tech companies with low overhead, we have crews traveling across the nation building the infrastructure that keeps America connected. That takes a lot of work, investment and the right people to make it happen efficiently and safely.”
Last year, 13 South Dakota companies made the list.
